Scottish Mortgage heading for where

[Bouleversee]

1056.33 a.t.m. Is this a good point to top up in grandchildren's JISAs, after seeing value of holdings drop a lot, or is there worse to come in view of the fact that value shares seem to be more in fashion now in view of inflation? Anyone know how much SMT have in META? I can't see the latter getting back to previous highs in view of the movement over to other social media which have become more popular and consequent loss of advertising.

[monabri]

1056.33 a.t.m. Is this a good point to top up in grandchildren's JISAs, after seeing value of holdings drop a lot, or is there worse to come in view of the fact that value shares seem to be more in fashion now in view of inflation? Anyone know how much SMT have in META? I can't see the latter getting back to previous highs in view of the movement over to other social media which have become more popular and consequent loss of advertising.

Holding in Meta = 0.0

From SMT latest annual report, Page 15.

https://www.google.co.uk/url?sa=t&sourc ... WDQ-A2iz_a

"We sold out of our holdings in Facebook and Alphabet (the parent company of Google) as well as making reductions to Amazon".

( and no PayPal holding neither).

[Bouleversee]

Many thanks, Mon. Very helpful. Sounds like they anticipated well and a reasonable point to take the plunge though I can't help wondering what is keeping them low in that case.

[AsleepInYorkshire]

Many thanks, Mon. Very helpful. Sounds like they anticipated well and a reasonable point to take the plunge though I can't help wondering what is keeping them low in that case.

I think both Facebook and Google aren't long term bets too.

Well done SM FM's

AiY(D)

[monabri]

Many thanks, Mon. Very helpful. Sounds like they anticipated well and a reasonable point to take the plunge though I can't help wondering what is keeping them low in that case.

SMT holdings as on 31 Dec 2021.

Not exactly a concentrated portfolio.... 4 pages of holdings of which 77.7% (at the time) were listed , residual percentage being classed as private companies.

https://www.bailliegifford.com/en/uk/in ... mber-2021/

I mentioned 4 pages of holdings - here's the first page plus a few (couple or three) extra holdings. Hence the other 3 pages are pretty small percentage holdings.

Top Holdings 0.7% or higher (31-12-21)

[Darka]

Topped up this morning after a recent transfer from my work pension came in on the 1st Feb.

SMT are now 4.3% of my retirement portfolio, happy with that.

[AsleepInYorkshire]

Many thanks, Mon. Very helpful. Sounds like they anticipated well and a reasonable point to take the plunge though I can't help wondering what is keeping them low in that case.

Sentiment? Sometimes stocks do detach from their underlying value. Is it fear regarding a "bubble" with the S&P 500?

SM are managing a lot of stocks in their portfolio so they really are to be commended for their call on FB and Google.

AiY(D)

[NotSure]

SM are managing a lot of stocks in their portfolio so they really are to be commended for their call on FB and Google.

They've dodged a couple of bullets, but still got winged by, e.g. NIO, NVIDIA, Tencent, Netflix etc. I don't blame them - SMT is an instrument for exposure to 'racy' tech stocks, a sector that has had a bad year and a very bad month.

[BullDog]

SM are managing a lot of stocks in their portfolio so they really are to be commended for their call on FB and Google.

They've dodged a couple of bullets, but still got winged by, e.g. NIO, NVIDIA, Tencent, Netflix etc. I don't blame them - SMT is an instrument for exposure to 'racy' tech stocks, a sector that has had a bad year and a very bad month.

The biggest SMT holding, Moderna has been savaged by the market recently.

[monabri]

SM are managing a lot of stocks in their portfolio so they really are to be commended for their call on FB and Google.

They've dodged a couple of bullets, but still got winged by, e.g. NIO, NVIDIA, Tencent, Netflix etc. I don't blame them - SMT is an instrument for exposure to 'racy' tech stocks, a sector that has had a bad year and a very bad month.

The biggest SMT holding, Moderna has been savaged by the market recently.

Article in The Telegraph today... ( paywalled)

https://www.telegraph.co.uk/global-heal ... d-vaccine/

"Scientists in South Africa have produced their own version of the Moderna coronavirus vaccine, cracking its code in just two months."

"a team of scientists from Afrigen Biologics in Cape Town has made a small batch of Moderna’s mRNA shot without the company’s involvement, in a major milestone for a scheme which aims to boost global manufacturing capacity. "

They report though that it might be 3 years before they ( Afigen Biologics) are able to distribute their vaccine. The company says that such vaccine technology is "not too complicated for lower income countries".

The article then discusses patents and their infringement in some detail. Afrigen Biologics (AB) have followed the Moderna recipe because their is more published data on it ( compared with Pfizer's vaccine). They demonstrated they can produce an vaccine based on Mnra technology and it isn't " rocket science " ( their words). The interest from AB and the World Health Organisation lies in using Mnra technology to develop vaccines for other applications. Manufacturing capability is the issue in developing countries.


Other reports on this

https://www.reuters.com/world/africa/wo ... 022-02-03/

https://fortune.com/2022/02/04/south-af ... -corbevax/

https://www.aljazeera.com/news/2022/2/3 ... derna-data

https://www.zawya.com/mena/en/economy/s ... N2UE1PXX1/

[BullDog]

SMT, time to buy more

[Dod101]

SMT, time to buy more

Presumably you say that because it is now below £10. Could be but what is stop it falling to £9? I have had my fun with it for now and will just leave it well alone. Glad though that I sold some at £12.10 and then again at £14.10 as well as at £9.15.

Dod

[BullDog]

SMT, time to buy more

Presumably you say that because it is now below £10. Could be but what is stop it falling to £9? I have had my fun with it for now and will just leave it well alone. Glad though that I sold some at £12.10 and then again at £14.10 as well as at £9.15.

Dod

I have no idea where the bottom might be. Others may be keeping half an eye on it the way I am too.

[Dod101]

SMT, time to buy more

Presumably you say that because it is now below £10. Could be but what is stop it falling to £9? I have had my fun with it for now and will just leave it well alone. Glad though that I sold some at £12.10 and then again at £14.10 as well as at £9.15.

Dod

I have no idea where the bottom might be. Others may be keeping half an eye on it the way I am too.

People say that the difficult decision in investing is when to sell but I find that I have no problem with that. The dilemma is at least as acute when buying especially in the current situation with Scottish Mortgage. None of us knows when a bottom might be hit. I have no intention of buying back in but if I did I would fix a price in my mind and simply buy blindly then. If it does not reach my base figure then I just move on. I suspect I might use £9.15, just for the hell of it.

Dod

[UncleEbenezer]

SMT, time to buy more

Presumably you say that because it is now below £10. Could be but what is stop it falling to £9? I have had my fun with it for now and will just leave it well alone. Glad though that I sold some at £12.10 and then again at £14.10 as well as at £9.15.

Dod

I have no idea where the bottom might be.

Are you perchance confusing it with your elbow?

[Bagger46]

Sad as it is for the Ukrainian people, and for democracy, when markets are in turmoil, it is time to start releasing some of my spare dosh back into the market.

I had gradually built up substantial reserves over the past months as tension have increased, being sadly certain for quite a long while that this sad day would come.

Today, having strongly reduced my SMT holding when in the 1400-1500 share price range, I have re increased my holding at under 900p.

Having done very little in the markets since the heart of the covid through, which was a massive investing opportunity and saw me hyperactive on the investing front, I plan to deploy a good slice of my spare dosh over the next couple of weeks across a few of my holdings.

The old adage of buying at the sound of the guns might not hold this time, so we will see.

Bagger

[monabri]

Not that long ago, SMT was sub £5.

[Lootman]

Not that long ago, SMT was sub £5.

I cannot recall exactly when I bought SMT but I have 3,000 shares with a cost basis of £4,217.

So at that point, maybe a dozen or so years ago, SMT traded at about £1.40 each!

[BullDog]

Not that long ago, SMT was sub £5.

You piqued my interest. Around 4th quarter-ish 2019 in fact, it seems to me.

[DavidM13]

Not that long ago, SMT was sub £5.

You piqued my interest. Around 4th quarter-ish 2019 in fact, it seems to me.

It was 465.28p at one stage intraday during March 2020. I know this as a piled in at this price which was lower than the lowest price it finished at all year.